Beef bowl price wars signal deflation

The New York Times has an interesting article that points to the price of beef bowls (gyudon) as a sign of deflation. Sukiya, Yoshinoya, and Matsuya have all been slashing prices, it says, and that’s not a good thing:

The battle has also come to epitomize a destructive pattern repeated across Japan’s economy. By cutting prices hastily and aggressively to attract consumers, critics say, restaurants decimate profits, squeeze workers’ pay and drive the weak out of business — a deflationary cycle that threatens the nation’s economy.

Eating a beef bowl for lunch or a late-night snack in Japan is the equivalent of going to Burger King, but much tastier, in my opinion.


One thought on “Beef bowl price wars signal deflation

Leave a Reply

Your email address will not be published.

* Copy This Password *

* Type Or Paste Password Here *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>